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  1. 1

    Danboy

    “However, one fuelling station was not closed and when asked why, Agba said the owner had pleaded with them and reversed the price after disclosing his colleagues had asked him to sell at NGN160.”

    This is collusion! It is ILLEGAL!.

    According to Investopedia, “Collusion involves people or companies that would typically compete, conspiring or working together that results in an unfair market advantage” (in this case price increase of 10 naira per litre). It is “illegal agreement between rivals that attempts to disrupt the market’s equilibrium.”

    Why are the owners of these fuel stations not being prosecuted?

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